Quarter 2 2014 Austin Commercial Real Estate Market New Office Construction update by Colliers International recently came out. The following tidbits regarding new office construction were noted: As of the second quarter of 2014 Austin had more than 2.4 million square feet of office space under construction. Seven new buildings totaling 199,286 square feet were …

Quarter 1, 2014 Austin Office Market report by CBRE shows that Austin continues to boom thanks in large part to a steady rate of employment (from April of 2013 to April of 2014, 29,900 jobs were created). For Q1 2014 the office market resulted in: 244,628 square feet of positive net absorption Vacancy rate fell …

Austin Creative Office Space. In a town known for its creativity, the term “creative space” is sometimes used to describe a category of tenant lease space that those working in these innovative fields are looking for. I’ve worked with a number of these type businesses including social media consultants Ant’s Eye View, aerial artists Sky …

CoStar’s Q4 2013 Office Market report gives us a glimpse into the rapidly improving Austin Office Market. Here are the details: Vacancy rate fell to 9.3% when compared to the previous quarter. Q4 net absorption totaled almost 500,000 SF up from the positive 300,000 SF absorbed in Q3. Rental rates average $27.94/SF/Year an increase over …

CBRE recently published their 3rd Quarter Office Market report which contains continued good news for the Austin Texas office market. The current vacancy rate stands at 12.4% which is the lowest vacancy rate in twelve (12) years. Absorption was primarily in the far Northwest submarket (Paypal, Marsh, Innovative Aftermarket Systems each took +30 KSF). Other …

[important]The number of office building sales doubled in the first half of 2013 compared to the first half of 2012 according to a recent article in the Austin American Statesman.[/important] Twenty office buildings sold from January to June 2013 according to Helen Jobes at Kennedy Wilson (Commercial Real Estate Investment Firm) compared to ten in …

NAI Reoc Austin released their second quarter Austin Office Report August 9, 2013 and the Austin office market continues to sizzle. [important]Direct vacancy continues to go down currently at 12.3% compared to 13.2% last quarter and compared to 14.7% in the second quarter of 2012.[/important] With no new office space delivered in this quarter the …

Newmark Grubb Knight Frank reports a .2% increase in vacancy rate (from 13.5 to 13.7%) for the first time since 2011 based upon new construction and a slowdown in lease velocity (net absorption down 14,192 SF) in 2012 .NGKF also reports average rent rates at a decade high level at $26.27/sf/year.

A very informative article from Texas Realtor magazine about trends in Office and Retail lease space. Squeezing more from each square foot Might your office and retail clients be looking for smaller spaces? TEXAS REALTOR® | Sept./Oct. 2012 Several signs point to a trend of doing more with less when it comes to office and …

CUSHMAN & WAKEFIELD Marketbeat Office Snapshot, Austin, TX Quarter 1 2012 Vacancy fell in the Austin office market for the 5th consecutive quarter, dating back to Q1 2011. Overall vacancy is currently at 15.9%. Overall vacancy in the local market has trended downward since 2009. Average full service lease rate totals $25.54 / sf which …

Grubb & Ellis, Austin Office Market, Quarter 3, 2011 notes the 9th consecutive quarter of positive net absorption. 644,000 sf was leased in the 3rd Quarter of 2011 which when added to 2011 quarters 1 and 2, adds up to 980,000 sf leased year to date. Class A & Class B continue to lead all …

CRE Sales Deal Volume Returning to ‘Normal’ Levels Encouraged by Continued Improvement in General Economic Indicators, Investors Widening Their Geographic Parameters, Taking on More Risk By Mark Heschmeyer, CoStar.com January 5, 2011 If the third and fourth quarters of last year are any indication, then deal volume is returning to the commercial real estate investment …

Laredo Oil has moved its corporate headquarters to Austin, officials announced Wednesday. The company attributed the move to a need to be closer to technology talent and “the heart of the oil patch.” A spokesman said the business is still searching for office space. Laredo Oil moves headquarters to Austin 8/6/10 10:52 AM|blongoria@impactnews.com (Bobby Longoria) …

The Austin Chamber of Commerce maintains an up to date list of New Businesses that have announced their opening in Austin as well as a list of Expansions. For 2010 year to date these include: Company Type of Operation Jobs Created Location Type of Action Bazaarvoice E-commerce software (Hdq. 80 Austin Expansion Cinsay E-commerce solutions …

Do you want the good news or the bad? What a dilemna! In the Austin Commercial Real Estate Market today, shoot straight with a client about what their property is worth and you risk not getting their business. Provide a number that is too optimistic and run the risk of getting their business but then …